COPT Defense Increases Quarterly Dividend by 3.5%

COLUMBIA, Md. ~ COLUMBIA, Md.-- COPT Defense Properties (NYSE: CDP) has recently announced an increase in their quarterly dividend for the first quarter ending March 31, 2024. The Board of Trustees declared a regular quarterly dividend of $0.295 per common share, representing a 3.5% increase from the previous quarter's dividend of $0.285.

This announcement comes as the Company continues to see growth and success in their Defense/IT Portfolio, which focuses on owning, operating and developing properties near key U.S. Government defense installations and missions. With tenants including the USG and their defense contractors, COPT Defense is dedicated to providing mission-critical and high security property enhancements.

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The first quarter 2024 dividend of $0.295 per share represents an annualized amount of $1.18 per share and will be payable on April 17, 2024 to shareholders of record on March 29, 2024.

COPT Defense is an S&P MidCap 400 Company that currently has a Defense/IT Portfolio consisting of 190 properties, including 24 owned through unconsolidated joint ventures. As of December 31, 2023, this portfolio encompassed over 21 million square feet and was leased at an impressive rate of 97.2%.

According to the Company's press release, this increase in dividend reflects their strong financial performance and commitment to providing value to shareholders. This news also aligns with COPT Defense's forward-looking approach as they continue to focus on growth and success in the future.

Investors can look forward to more updates from COPT Defense as they strive towards continued success in their industry.
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